DPAC Technologies Expands Product Offerings for Defense and Aerospace Applications.Business Editors & High-Tech Writers GARDEN GROVE Garden Grove, city (1990 pop. 143,050), Orange co., S Calif., a suburb of Long Beach and Los Angeles, on the Santa Ana River; founded 1877, inc. 1956. Many of its residents work in nearby aerospace and defense installations, and there is light manufacturing. , Calif.--(BUSINESS WIRE)--Feb. 12, 2002 Company Expands Sales Effort to Promote Broad Applications for Its "Commercial Off the Shelf" Products in Surveillance and Defense DPAC DPAC Denver Performing Arts Complex (CO, USA aka: DCPA) DPAC Deferred Policy Acquisition Costs (insurance) DPAC District Parent Advisory Committee DPAC Dover Partnership Against Crime Technologies Corp. (Nasdaq:DPAC), a provider of products and services for the Integration Age, announced today that it has expanded its capabilities and product offerings to the industrial, defense and aerospace industries. The Company recently shipped its first COTS (Commercial Off-The-Shelf) Refers to ready-made merchandise that is available for sale. See MOTS. (software) COTS - commercial off-the-shelf. See commercial software. (commercial off the shelf) memory products to a leading aerospace company, marking another milestone in industrial and military use of its patented LP-Stack product line. DPAC also indicated that it has engaged additional sales representative firms to expand its customer base and product applications in the military-industrial complex mil·i·tar·y-in·dus·tri·al complex n. The aggregate of a nation's armed forces and the industries that supply their equipment, materials, and armaments. Noun 1. . This move is in response to the increased demand for high technology electronics surveillance, guidance systems, information gathering and defense systems. Kevin Perry, vice president of sales & marketing said, "Our ability to use readily available commercial grade components and package them as high density memory that meets the exacting specifications of this market should open additional markets and applications for DPAC. We recently appointed a leading sales representative firm to augment our direct sales efforts in securing additional business from industrial, defense and aerospace companies. The recent demand for increased homeland security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States and rise in military projects presents an opportunity to expand our products and services within this fast growing marketplace." Ted Bruce, DPAC's president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , commented, "DPAC was originally founded in the defense business. We have supplied products to the military and aerospace industries for over 20 years. While history is no guarantee of future success, we feel that the expansion of our capabilities in this area will generate additional opportunities. Our new stackable plastic configurations are of the highest quality, form and weight, many of which fit the needs and configuration for military and defense applications." About DPAC Technologies Based in Garden Grove, CA, DPAC Technologies provides patented component packaging technology to create high-density, space-saving surface-mount electronic components. DPAC's products are used in electronic circuits found in network servers, computer storage devices, guidance systems, medical instrumentation and communication devices. The Company provides outsourced engineering design services to aid customers in creating cost-saving circuit designs as well as contract manufacturing of prototype designs and medium volume production runs of circuit boards. DPAC's mission is to provide products and services for the Integration Age. Investor information is available through their corporate headquarters Investor Relations Investor relations The process by which the corporation communicates with its investors. Department at 714/898-0007 x128, or contact Joe Zappulla at Wall Street Investor Relations 212/714-2445. Visit the DPAC web site at www.DPACtech.com. This press release includes forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , including statements regarding the management's current beliefs concerning Company's market, technology development, expansion and business plans, the use of our technology in military programs, relationships in price parity of existing technology with future technology, the need for emulation products, which are subject to change as a result of various risks or uncertainties. Every statement herein that is not historic in nature is a forward-looking statement. These factors would include, but are not limited to, uncertainties and risks concerning acquisitions, challenges in integrating technologies or operations efficiently or managing acquired operations, risks concerning liabilities acquired and due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. , the military budget constraints A Budget Constraint represents the combinations of goods and services that a consumer can purchase given current prices and his income. Consumer theory uses the concepts of a budget constraint and a preference ordering to analyze consumer choices. , protection of technology or proprietary rights, risks of litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , and others, and difficulties of controlling acquisition costs. The actual results may materially differ from those described in any forward-looking statement. Important factors that may cause actual results to differ are set forth in the company's periodic filing with the U. S. Securities and Exchange Commission including its Form 10-KSB for year-ended February 28, 2001 or subsequent Forms 10-Q. |
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